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February 18, 2006
Nets seeking Jersey fallback option?
Field of Schemes:
Don't get all excited just yet (especially you, Marty), but the Newark Star-Ledger is reporting that the New Jersey Nets are in "serious negotiations" to extend their lease at the Meadowlands should plans for a new arena in Brooklyn fall through. According to the paper, the lease extension would last until 2010, with options to extend it further; the $600 million Brooklyn arena is still officially planned to open in the fall of 2008, but faces community opposition and has yet to begin a months-long state land-use review. (And you also have to wonder what the Katrina Effect is doing to the price tag of the multi-billion-dollar Frank Gehry-designed development project that Nets owner Bruce Ratner has planned for the blocks adjacent to the arena.)
Posted by amy at February 18, 2006 3:06 PM